Chris had significant domain knowledge in the hedge fund industry. He has self-financed a successful company offering to secure virtualization services to the segment with high service levels. Sramana Mitra: Let’s start at the very beginning of your story. Where are you from? Where were you born, raised, and in what kind of background? Chris
Sramana Mitra: Tell me how you got there. Vince Steckler: It’s basically a few things. When the company went into France, we started at the community side. The competition in France at that time had English language products, which doesn’t really go very real well in France. So we built a French language product. Since
Vince Steckler: It was very intriguing because it was a very engineering-oriented company. Of the 40 people, there was one person in Finance, one person in Marketing and Sales, and 38 engineers. They weren’t doing very good business because there wasn’t anyone paying attention to it. I actually joined there taking what people would probably consider
Sramana Mitra: How much were they doing at that point? Vince Steckler: In 2008, they did about $18 million in revenue. Sramana Mitra: This was all self-financed? Vince Steckler: Yes. The company had actually never taken any investment into its treasury. The company, by the way, is a Unicorn. We’re worth well over a billion
Vince has built a $300 million a year security software company out of Prague, with a global customer base. Fantastic story, a must read! Sramana Mitra: Let’s start at the very beginning of your story. Where are you from? Where were you born, raised, and in what kind of background? Vince Steckler: I’m originally from
Sramana Mitra: Have you bootstrapped your company all the way or have you raised money along the way? Taso Du Val: We raised a really small round for approximately $1.4 million with some really great individuals. It was a seed round, so it was not a priced round. We still consider ourselves a bootstrapped startup. Hence,
Sramana Mitra: I’ll just benchmark it by saying oDesk, for instance, charges 10% of the contract value. Tell me what the additional value is that you’re adding to the process. Taso Du Val: We screen all of the individuals for you. Not only for our network but also for your specific request. There are many
Sramana Mitra: What else is interesting strategically in how you’ve navigated the story so far? How many customers do you have now? Vincent Yang: I think we have four or five dozen customers. The growth rate is actually pretty fast. Sramana Mitra: What’s the pricing model? What’s the business model? Vincent Yang: The core of